AIRY3D Raises $10m in Series A Funding

PRNewswire: AIRY3D, a Montreal-based 3D vision start-up, raises $10m in an oversubscribed Series A funding round led by Intel Capital, including all Seed round investors CRCM Ventures, Nautilus Venture Partners, R7 Partners, Robert Bosch Venture Capital (RBVC), and WI Harper Group along with several angel investors. This financing will allow AIRY3D to advance its licensing roadmap for the first commercial adoptions of its DepthIQ 3D sensor platform with top-tier mobile OEMs in 2019.

"The simplicity and cost-efficiency of AIRY3D's 3D sensor technology, which does not require multiple components, helps position AIRY3D's technology as a potential enabler for many target markets", said Dave Flanagan, VP and group managing director at Intel Capital.

"AIRY3D's DepthIQ platform is a cost-effective technology that can accelerate the adoption of several new applications such as facial, gesture and object recognition, portrait modes, professional 'Bokeh' effects, and image segmentation in mobile markets and beyond," said Ingo Ramesohl, Managing Director at Robert Bosch Venture Capital GmbH. "We see tremendous opportunities in one of the largest business areas of Bosch - the automotive industry. The adoption of 3D cameras inside the cabin and outside with ADAS can drive significant improvements in safety and facilitate the industry's shift towards autonomous vehicles."

"After concluding our Seed round in March 2017, we fabricated DepthIQ 3D sensors on state-of-the-art CMOS wafers in collaboration with a leading sensor OEM. AIRY3D has since demonstrated 3D camera prototypes and numerous use cases. With the support of Intel, Bosch and our other investors, we now are formalizing partnerships with camera sensor OEMs and design-in collaborations with industry leading end customers in our strategic markets," said Dan Button, CEO of AIRY3D.